Trade Promotion Authority Must Address Emerging Challenges, Says Senator Wyden
The drive to push Trade Promotion Authority (TPA) legislation in Congress may help usher in pending trade pacts, the Trans-Pacific Partnership and the Transatlantic Trade and Investment Partnership, and ultimately benefit U.S. consumers, Senator Ron Wyden, D-Ore., told a National…
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Foreign Trade Council event on Oct. 9. “Our economy is quite different from that of the economy of 2002, when TPA was last written, and there are new opportunities and challenges related to international trade and investment that I think will be huge winners for American workers and American families,” said Wyden. The Senator also echoed calls by an Oct. 8 George Washington University panel to include rules on the digital economy in future free trade agreements (see 13100811). “Right now, the trade rules don’t neatly apply to the digital economy. They don’t apply despite the fact that there is a growing number of protectionist practices that we’re facing with overseas and barriers popping up.”